13th Jun 2014 10:48
LONDON (Alliance News) - India Capital Growth Fund Ltd Friday said it was mulling issuing bonus subscription shares, a proposal it will put to a vote at an extraordinary general meeting in July.
The company said it intends to give existing shareholders a new class of subscription shares on the basis of one subscription share for every two ordinary shares they currently hold.
Shares in the closed-ended investment company were trading 1.4% higher Friday morning, at 52.70 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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